Russian fossil fuel producers are investing in new technologies convinced that, at least until 2050, extractive materials will continue to be crucial in the global economy. Renewable energies will be used more and more, but in parallel to the share of oil, given the growing diffusion of the automobile also in Africa and Latin America.
Moscow () – A conference of the “Council of Energy Producers” association was held in Moscow, attended by the Russian Minister of Energy, Sergei Tsivilev, who stressed the particular importance of the current period for the development of the entire country. In his opinion, “the challenges we currently face not only present various risks, but also open up many new perspectives. The fuel energy complex is decisive for the long-term growth of the entire Russian economy, not only as a primary element of the budget, but as “a crucial guideline for the development of mixed sectors of industry,” the minister said.
The need for new technologies was appealed, with the contribution of science and education, developing digital solutions, using new tools and materials. Tsivilev noted that “Russia has great potential and many talented people to solve these emergencies, and many companies in our country are trying to put it into practice, we must also join forces together with friendly countries.”
The stated objective of “technological sovereignty” is to provide effective standards, such as those proposed by the Institute of Oil and Gas Technology Initiatives (Inti), which has already launched some 250 new projects. The digital platform for the different industries is being detailed, with the supervision of the Ministry of Energy, which will keep a record of the producers with the best results, who will be supported by the State, and will eliminate those that are ineffective. In this way, Russia’s “new energy strategy” until 2050 is being finalized, which will be proposed for debate in all appropriate forums.
The new strategy will be generically divided into four directions: oil and derivatives, gas, coal and electricity. According to President Vladimir Putin’s instructions, the transformation capacity of these sectors should lead to Russia’s “technological leadership” worldwide, and for this purpose almost 50 billion rubles (500 million euros) will be invested in the 2025-2027 biennium. . A “change of mentality” will be necessary, insists Tsivilev, capable of uniting everyone in achieving the set objectives.
In any case, until 2050, extractive materials will continue to be crucial in the world economy, and the growing demand for energy will guarantee the maintenance, or even increase, of current production levels. Renewable energies will be used more and more, but in parallel to the share of oil, as the use of automobiles becomes widespread in the Asia-Pacific region, but also in Africa and Latin America. Therefore, a clear rejection of traditional fuels is not foreseen as part of the strategy, although ongoing monitoring of the issue will be carried out.
Conservation and completion scenarios are foreseen, in order to defend the necessary trends in energy policy, without being forced into excess investment. On the development side, the right balance must be sought, avoiding unnecessary delays and complications in realizing export potential. The permanence of the sanctions regime by the G7 countries is taken into account, but the objective remains for Russian GDP to grow faster in 2030 than that of other world economies, to reach a medium-high level that will be maintained until 2050.
To conclude, Aleksandra Panina, President of the Observer Council of the Energy Producers Group, presented the three dimensions to which the perspective of the Russian energy sector must adhere: “credibility, accessibility and efficiency”, in order to maintain an adequate level of competitiveness. internal and external.
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